Circle Internet Financial, LLC

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Circle Internet Financial, LLC - overview

Established

2013

Location

New York, NY-New York, US

Primary Industry

Financial Services

About

Circle Internet Financial, LLC is a United States-based company specializing in stablecoin solutions, enabling efficient global financial transactions. Their offerings leverage digital currencies like USDC and EURC to support various payment applications. Founded in 2013 by co-founders Jeremy Allaire and Sean Neville and headquartered in New York, US, Circle Internet Financial, LLC facilitates digital currency transactions through its stablecoins. In May 2026, Circle Internet Financial, LLC raised USD 220 million in venture funding from Andreessen Horowitz, Apollo, BlackRock.


Circle's core offerings center on facilitating global financial transactions through its stablecoin products, primarily USDC and EURC, which are fully backed by liquid cash and equivalents. These digital currencies are designed for various financial applications, such as real-time settlements, cross-border payments, and tokenized money market funds. By leveraging an open Layer-1 blockchain architecture, Circle enables efficient fund transfers across multiple platforms, catering to businesses and financial institutions integrating digital assets into operations. The company targets diverse clients, including banks and developers, operating in over 185 countries, particularly in the US, EU, and select regions in Asia and the Middle East.


The revenue structure is primarily derived from transaction fees associated with their stablecoin offerings, along with partnerships with financial institutions that utilize Circle’s Payments Network. Institutions subscribing to Circle’s services for liquidity management also contribute to the revenue stream, supporting both business-to-business and direct-to-consumer transactions. The company will use the May 2026 funding to build a digital foundation for banks through its Arc network and expand technology that supports automated financial transactions and banking infrastructure.


Current Investors

General Catalyst Partners, IDG Capital, China Everbright

Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software, Application Integration Software

Website

www.circle.com/

Verticals

Blockchain, Cloud Computing, FinTech, FinTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Circle Internet Financial, LLC - timeline of key events

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Circle Internet Financial, LLC - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025
Revenue (USD)9,423,00015,441,000-766,301,000---
% Revenue Growth (YoY)-63.9%-----
EBITDA (USD)(78,714,000)(26,390,000)-(24,839,000)---
Operating Income (USD)(83,209,000)(30,890,000)-(38,116,000)---
Operating Margin(883.0%)(200.1%)-(5.0%)---
% EBITDA Margin(835.3%)(170.9%)-(3.2%)---
NET Income (USD)(26,280,000)(17,313,000)-(768,847,000)---
% Net Margin(278.9%)(112.1%)-(100.3%)---

Circle Internet Financial, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleAnnouncedTazapay Pte. Ltd.-
IPOCompletedCircle Internet Financial, LLC-
Add-onCompletedHashnote Management LLC-
Trade SaleCompletedSeedInvest, LLC-
Add-onCompletedElements Group Inc-

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Circle Internet Financial, LLC - employee data

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